- 行业: Energy
- Number of terms: 18218
- Number of blossaries: 1
- Company Profile:
The American Gas Association represents local energy companies that deliver natural gas throughout the United States.
Working interest owner's share of production. This volume may not equal actual sales due to contractual or market conditions. Also, the amount of gas to which a customer is entitled from a seller.
Industry:Energy
A classification method that assigns 100% of fixed costs to the demand component of the rate.
Industry:Energy
A landman whose primary duty is to procure leases on tracts of land for exploration and development of gas and oil products.
Industry:Energy
A rock stratum that can be identified over large areas and from which measurements can be taken to determine geologic structure.
Industry:Energy
An automatic valve designed to discharge when a preset pressure and/or temperature condition is reached. 1. Pressure Relief Valve. An automatic valve which opens and closes a relief vent, depending on whether the pressure is above or below a predetermined value. 2.Temperature Relief Valve. a. Fusible Type. A valve which opens and keeps open a relief vent by the melting or softening of a fusible element at a predetermined temperature. b.Manual Reset Type. A valve which automatically opens a relief vent at a predetermined temperature and which must be manually returned to the closed position. c. Reseating or Self-Closing Type. An automatic valve which opens and closes a relief vent when the temperature reaches a predetermined value. d. Vacuum Relief Valve. An automatic valve which opens or closes a vent for relieving a vacuum, depending on whether the vacuum is above or below a predetermined value. Frequently used in a hot water supply system.
Industry:Energy
Gas in an underground storage field that is available for market. See STORAGE, UNDERGROUND.
Industry:Energy
Point at which gas leaves a transporter's system completing a sale or transportation service transaction between the pipeline company and a sale or trans-portation service customer.
Industry:Energy
The difference between taxes that would be due (paid) using straight-line depreciation and that actually paid using accelerated depreciation for tax purposes and other temporary differences in the recognition of revenue and expense items for income tax purposes and for financial reporting purposes. When determining a utility's cost of service an allowance is granted for income taxes that is computed using straight-line depreciation. When a utility is using accelerated depreciation for tax purposes this results in the utility receiving greater allowance for taxes than the actual taxes paid in initial years of an asset, and a lower allowance for taxes than actual taxes paid in later years of the asset. The Commission treats such excess income (in initial years) as a return-of-capital, similar to depreciation, and requires the utility to reduce its rate base by the amount of excess income (the deferred taxes). This reduces its profit (return-on-capital) in subsequent years. When the situation is reached in later years where taxes paid exceed the allowance for taxes in the cost of service the Commission allows the rate base to be increased by the amount of the shortfall in income (i.e., the negative deferred taxes). This treatment results in the utility only receiving its allowed rate of return on equity investment over the life of the property and flows the benefit from deferring taxes through to the ratepayer. See SOUTH GEORGIA METHOD and REVERSE SOUTH GEORGIA.
Industry:Energy
The ratio of net income or earnings (after all expenses are deducted) to the book value of common and preferred stock plus retained earnings.
Industry:Energy
Works in the reverse of the SOUTH GEORGIA METHOD. The method was adopted shortly after the Tax Reform Act of 1987 was enacted. The Act reduced the statutory corporate income tax rate from 46% to 34%, which caused the balance in the Deferred Tax Account to be overstated. The "Reverse South Georgia Method" determines the amount of the overstatement and amortises the excess as a reduction to the cost of service income tax allowance over the remaining book life of the pipeline. See SOUTH GEORGIA METHOD, NORMALIZATION, ACCOUNTING and PROVISIONS FOR DEFERRED INCOME TAXES.
Industry:Energy
